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  • LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (Dividend Payout - Weekly)

Formerly LIC MF Banking and PSU Debt Wk DP

LIC Mutual Fund

LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (Dividend Payout - Weekly)

DebtBanking And Psu

Top Ranked

10.0507

NAV (Oct 21)

5.8%
3 Year CAGR
Scripbox Opinion

Top Ranked

These are the top-ranked funds within banking and psu mutual funds.However, Scripbox does not recommend investing in banking and psu mutual funds.Banking and PSU Funds are mandated to invest a minimum of 80% of total assets in debt instruments issued by Banks, Public Sector Undertakings and Public Financial Institutions.

They tend to invest in medium to long duration securities and hence are exposed to higher variations when interest rates change.

The category accounts for close to 8% of the total assets in the Debt Segment.

We assess the credit quality of funds in this category as relatively poor.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher credit risk and higher interest rate risk.

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Track Record

14 Years. The Fund has Sufficient history for analysis and the track record is good.

Relative Size

1,959 Cr. Medium within the category

Impact of Interest Rate Changes

Moderate Interest Rate Risk. The impact on fund value is moderate when interest rates change

Credit Quality Of Fund's Portfolio

Low Credit Risk. The fund has a high credit quality compared to other debt funds

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Short Term Money

Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

  • graph-icon-gray
    Historical growth rate of 6.5% per annum
  • graph-icon-gray
    Recommended Duration 1 - 5 years
  • graph-icon-gray
    No Lock-in
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    Expert Investing Only, Car, Down Payment

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Historical NAV

10.0507

NAV (Oct 21)

Fund Returns

Last 1Y
3.1%
Last 3Y
5.8%
Last 5Y
4.8%
Last 10Y
5.4%
Since Inception
5.1%
6 Month CAGR
1.8%
info-icon-blue

Scheme Information

Investment Objective

The primary investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks,public sector undertakings,public financial institutions and Municipal Bonds. There is no assurance that the investment objective of the Scheme will be realized.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

risk-indicator-arrow.svg

Low to Moderate Risk

Expense Ratio
0.83
Launched (14y ago)
May 28, 2007
AUM in Crores
1958.869
ISIN
INF767K01568
Lock-in
No Lock-in
Benchmark
NIFTY Banking & PSU Debt TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Fund Managers
user-avatar

Marzban Irani

Fund Manager

calculator

Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 9,65,796 ₹ 2,33,18411.25%
EPF70% ₹ 9,00,761 ₹ 1,68,1498.50%
Property70% ₹ 8,67,662 ₹ 1,35,0507.00%
PPF70% ₹ 8,69,819 ₹ 1,37,2077.10%
Bank FD70% ₹ 8,46,471 ₹ 1,13,8596.00%
Gold70% ₹ 8,46,471 ₹ 1,13,8596.00%
Savings Bank70% ₹ 8,25,950 ₹ 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

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Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

  • Inflation beating returns
    Inflation beating returns
  • Expert Investing Only, Car, Down Payment
    Expert Investing Only, Car, Down Payment
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Debt Funds

Fund NameScripbox OpinionFund SizeTrack Record

Kotak Savings Fund (G)

recommended-badge

₹ 13,509 cr

5

recommended-badge

₹ 33,192 cr

5

recommended-badge

₹ 11,590 cr

5

recommended-badge

₹ 33,722 cr

5

recommended-badge

₹ 22,849 cr

5

amc-icon

About the AMC

LIC Mutual Fund Asset Management Limited

LIC Mutual Fund Asset Management Limited manages assets worth 18,625 crores and was set up on 20 April 1994. It's current offering of mutual fund schemes includes 24 equity,40 debt and 32 hybrid funds.

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  • tel-amc-about
    022-66016000
  • mail-amc-about
    cs.co@licmf.com
  • Fund NameScripbox Opinion
    Till Date CAGR
    top-ranked-badge

    22.2%

    11.2%

    top-ranked-badge

    5.2%

    6.5%

    top-ranked-badge

    7.7%

    7.4%

    top-ranked-badge

    4.9%

    7%

    top-ranked-badge

    20.8%

    8.1%

    growth

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Impact of Interest Rates

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

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    TRUST

    1. 4100+Crores
    2. 2500+Cities
    3. 7200+Customers
    We manage to deliver better strategies to people who trust us.

    We thrive on trust. You don’t need to just take our word for it! Get started with your wealth creation without worry.

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    About LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (D-W)

    About LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (D-W)

    LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (D-W) is a Banking And Psu Debt fund and has delivered an annualised return of 5.1% over a period of 14 years. The fund was previously known as LIC MF Banking and PSU Debt Wk DP . The fund is managed by LIC Mutual Fund Asset Management Limited. The fund manager’s name is Marzban Irani

    LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (D-W) Investment Objective

    The primary investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks,public sector undertakings,public financial institutions and Municipal Bonds. There is no assurance that the investment objective of the Scheme will be realized. . However, there is no assurance that the objective of the scheme will be realized.

    LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (D-W) NAV,AUM,Risk

    The LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (D-W) fund was launched on May 28, 2007. The NAV (Net Asset Value) of this Banking And Psu Debt fund as of 2021-10-21 is ₹10.05. The total AUM (Asset Under Management) of the fund as of 22/10/2021 is ₹1958.869. The category risk of the LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (D-W) fund is Low to Moderate Risk. The fund charges 0.83 % as expense ratio.

    LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (D-W) Holdings

    The fund’s highest allocation is towards Debt and has invested 67.4% in this asset class. The top three holdings of the fund are , 182 dtb 14102021 , hdfc bank limited , treps , national housing bank , national highways authority of india , indian railway finance corporation limited , net receivables / (payables) , indian oil corporation limited , reliance industries limited , housing and urban development corporation limited (hudco) , hindustan petroleum corporation limited , power grid corporation of india limited , national bank for agriculture and rural development , hindustan petroleum corporation limited , indian railway finance corporation limited , power finance corporation limited , national housing bank , power finance corporation limited , ntpc limited , ntpc limited , 5.63% govt stock 2026 , 5.22% goi 2025 , national bank for agriculture and rural development , 6.10% govt stock 2031 , rec limited , 6.18% govt stock 2024 , power grid corporation of india limited , power finance corporation limited , 7.96% mh sdl 2026 , power grid corporation of india limited , national housing bank , power finance corporation limited , oil & natural gas corporation limited , housing and urban development corporation limited , housing and urban development corporation limited (hudco) , export-import bank of india , national bank for agriculture and rural development , kotak mahindra bank limited , indian railway finance corporation limited , power finance corporation ltd. , axis bank limited , 91 dtb 07102021 , ntpc limited , power grid corporation of india limited , indian railway finance corporation limited , export-import bank of india , reliance industries limited , export-import bank of india , 182 dtb 18112021 , housing development finance corporation limited , 182 dtb 25112021

    LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (D-W) Sip

    The minimum SIP (Systematic Investment Plan) amount for this is ₹1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.

    LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (D-W) Investment volatility and Horizon

    This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to NIFTY Banking & PSU Debt TR INR.

    LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (D-W) Review

    LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (D-W) has a score of 4 on a scale of 5. The fund has a score of 4 out of 5 based on historical performance. As compared to the other funds in its category, LIC MF Banking & PSU Debt Fund of Income Dis cum Cap Wrdl (D-W) has a score of 3out of 5 The credit risk of the fund is 4 out of 5 as compared to other debt funds.

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